Everything You Need to Know About Asset Performance Management
Asset-intensive organizations depend on equipment, infrastructure and facilities that must operate reliably over long lifecycles. Asset Performance Management (APM) provides a structured approach for understanding how those assets are performing, identifying emerging risks and making better maintenance and lifecycle decisions. Modern APM combines asset data, condition monitoring, reliability practices and analytics to connect equipment condition with operational and business outcomes. Technologies such as Industrial IoT, artificial intelligence and machine learning can extend these capabilities, but APM is broader than any individual technology. What Is Asset Performance Management? Asset Performance Management (APM) is an approach to improving the reliability, availability, performance and lifecycle value of physical assets by combining asset data, monitoring, analytics and maintenance decision-making. The objective is not simply to prevent equipment failure. A mature APM program help...